General Electric Company (GE) Q4 2024 Earnings Breakdown
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General Electric Company (GE) Q4 2024 Earnings Breakdown
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Key Highlights:
- Orders: Total orders surged by 46% to $15.5 billion.
- Revenue: GAAP revenue was $10.8 billion, a 14% increase, while adjusted revenue grew by 16% to $9.9 billion.
- Profitability: GAAP profit was $2.3 billion, up 37%, and operating profit saw an impressive 49% jump to $2.0 billion.
- EPS: Continuing GAAP EPS increased by 62% to $1.75, and adjusted EPS more than doubled to $1.32, a 103% increase.
- Cash Flow: Cash from operating activities grew by 5% to $1.3 billion, and free cash flow was up by 21% to $1.5 billion.
- Quote: “GE Aerospace delivered a strong finish to 2024 given robust demand for our services and products with fourth quarter orders up 46%, EPS more than doubling, and free cash flow increasing over 20%.”
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